XXXTBGFSDBSHPW
:PV NBZ OPUJGZ */'*/*5* CZ DPOUBDUJOH
PVS $POTVNFS "GGBJST %FQBSUNFOU
UPMMGSFF BU
'PS $BOBEB
*G ZPV CFMJFWF UIBU ZPVS WFIJDMF IBT B
EFGFDU XIJDI DPVME DBVTF B DSBTI PS
DPVME DBVTF JOKVSZ PS EFBUI ZPV
TIPVME JNNFEJBUFMZ JOGPSN 5SBOTQPSU
$BOBEB JO BEEJUJPO UP OPUJGZJOH
*/'*/*5*
*G 5SBOTQPSU $BOBEB SFDFJWFT DPN
QMBJOUT JU NBZ PQFO BO JOWFTUJHBUJPO
BOE JG JU GJOET UIBU B TBGFUZ EFGFDU
FYJTUT JO B HSPVQ PG WFIJDMFT JU NBZ
SFRVFTU UIBU */'*/*5* DPOEVDU B SFDBMM
DBNQBJHO )PXFWFS 5SBOTQPSU $BOB
EB DBOOPU CFDPNF JOWPMWFE JO JOEJWJ
EVBM QSPCMFNT CFUXFFO ZPV ZPVS
SFUBJMFS PS */'*/*5*
:PV NBZ DPOUBDU 5SBOTQPSU $BOBEBT
%FGFDU *OWFTUJHBUJPOT BOE 3FDBMMT
%JWJTJPO UPMM GSFF BU
:PV NBZ BMTP SFQPSU TBGFUZ
EFGFDUT POMJOF BU
IUUQTXXXBQQTUDHDDB4BG4FD
4VS1$%##%11*OEFYBTQY
"EEJUJPOBM JOGPSNBUJPO DPODFSOJOH
NPUPS WFIJDMF TBGFUZ NBZ CF PCUBJOFE
GSPN 5SBOTQPSU $BOBEBT 3PBE 4BGFUZ
*OGPSNBUJPO $FOUSF BU
PS POMJOF BU XXXUDHDDBSPBE
TBGFUZ &OHMJTI TQFBLFST PS XXXUD
HDDBTFDVSJUFSPVUJFSF 'SFODI
TQFBLFST
5P OPUJGZ */'*/*5* PG BOZ TBGFUZ DPO
DFSOT QMFBTF DPOUBDU PVS $POTVNFS
*OGPSNBUJPO $FOUSF UPMM GSFF BU
%VF UP MFHBM SFRVJSFNFOUT JO TPNF TUBUFT
BSFBT PS QSPWJODFT ZPVS WFIJDMF NBZ CF
SFRVJSFE UP CF JO XIBU JT DBMMFE UIF gSFBEZ
DPOEJUJPOu GPS BO *OTQFDUJPO.BJOUFOBODF
*. UFTU PG UIF FNJTTJPO DPOUSPM TZTUFN
5IF WFIJDMF JT TFU UP UIF gSFBEZ DPOEJUJPOu
XIFO JU JT ESJWFO UISPVHI DFSUBJO ESJWJOH
QBUUFSOT 6TVBMMZ UIF gSFBEZ DPOEJUJPOu
DBO CF PCUBJOFE CZ PSEJOBSZ VTBHF PG UIF
WFIJDMF
*G B QPXFSUSBJO TZTUFN DPNQPOFOU JT
SFQBJSFE PS UIF CBUUFSZ JT EJTDPOOFDUFE
UIF WFIJDMF NBZ CF SFTFU UP B gOPU SFBEZ
DPOEJUJPOu #FGPSF UBLJOH UIF *. UFTU
DIFDL UIF WFIJDMFT JOTQFDUJPONBJOUF
OBODF UFTU SFBEJOFTT DPOEJUJPO 1MBDF UIF
JHOJUJPO TXJUDI JO UIF 0/ QPTJUJPO XJUIPVU
TUBSUJOH UIF FOHJOF *G UIF .BMGVODUJPO
*OEJDBUPS -JHIU .*- DPNFT PO TUFBEZ GPS
TFDPOET BOE UIFO CMJOLT GPS TFD
POET UIF *. UFTU DPOEJUJPO JT gOPU SFBEZu
*G UIF .*- EPFT OPU CMJOL BGUFS TFDPOET
UIF *. UFTU DPOEJUJPO JT gSFBEZu
$POUBDU BO */'*/*5* SFUBJMFS UP TFU UIF
gSFBEZ DPOEJUJPOu PS UP QSFQBSF UIF WFIJDMF
GPS UFTUJOH
5FDIOJDBM BOE DPOTVNFS JOGPSNBUJPO
3&"%*/&44 '03 */41&$5*0/
."*/5&/"/$& *. 5&45